Hanover city, Minnesota Demographics & Population 2026
As of 2026, Hanover city, Minnesota has a total population of 3,495, the 195th largest city in Minnesota, with a median household income of $147,944, which is 69% higher than the state average. The poverty rate is 2.2%.
Key Takeaways
- Household income is 69% above the state average — one of the wealthiest communities in Minnesota.
- An exceptionally low poverty rate of 2.2% — among the lowest in Minnesota.
- 47.8% of adults hold a bachelor's degree or higher — top 10% in Minnesota.
- Near full employment with an unemployment rate of just 1.2%.
Hanover city Quick Facts
How Hanover city Compares
Median Household Income
Median Home Value
Economy & Housing
Household Income Distribution
Employment
Housing Overview
People & Demographics
Age Distribution
Race & Ethnicity
Diversity Index
A less diverse community where one racial or ethnic group represents a large majority.
State average: 40 | National average: 60
Education
Educational Attainment (Adults 25+)
Hanover city Rankings in Minnesota
Explore Minnesota Rankings
Other Cities in Wright County
| City | Population | Median Income | Poverty | Home Value |
|---|---|---|---|---|
| Otsego city | 21,358 | $127,219 | 0.8% | $367,200 |
| St. Michael city | 19,267 | $130,814 | 4.0% | $365,800 |
| Buffalo city | 16,388 | $88,306 | 6.6% | $281,900 |
| Monticello city | 14,607 | $81,563 | 8.8% | $298,400 |
| Dayton city | 8,381 | $137,383 | 2.8% | $510,600 |
| Albertville city | 8,066 | $126,307 | 0.6% | $326,400 |
| Delano city | 6,712 | $118,091 | 3.2% | $347,500 |
| Becker city | 4,958 | $90,188 | 5.6% | $257,600 |
| Rockford city | 4,521 | $82,228 | 6.7% | $265,900 |
| Montrose city | 3,840 | $98,832 | 7.3% | $260,100 |
Cities Similar to Hanover city
These cities in the same state have comparable population and economic profiles.
| City | Population | Median Income | Home Value | Bachelor's+ | Poverty |
|---|---|---|---|---|---|
| Grant city | 3,959 | $145,357 | $622,000 | 56.5% | 5.3% |
| St. Augusta city | 3,576 | $116,384 | $323,400 | 34.1% | 4.2% |
| Deephaven city | 3,835 | $175,441 | $854,000 | 79.7% | 2.0% |
| Greenfield city | 2,897 | $147,184 | $524,300 | 49.8% | 1.1% |
| Independence city | 3,695 | $194,205 | $757,800 | 62.9% | 0.5% |
Population Overview
Hanover city is a small community located in Minnesota, within Wright County. The total population is 3,495. It ranks as the 195th most populous out of 913 cities and towns in Minnesota.
Age Demographics
The median age in Hanover city is 37.6 years. This is 3% lower than the state median of 38.6 years. With 32.2% of the population under 18, Hanover city has a notably young demographic profile, suggesting a family-oriented community.
Economy, Income & Housing
The median household income in Hanover city is $147,944. This is 69% higher than the state median of $87,556. Compared to the national median of $78,538, household income here is 88% higher. The poverty rate stands at 2.2%. This is 76% lower than the state poverty rate of 9.2%. This exceptionally low poverty rate indicates strong economic prosperity across the community. The unemployment rate is 1.2%. This is 69% lower than the state rate of 3.9%. The median home value is $421,700. Housing costs are 38% higher than the state median of $305,500. With a home-value-to-income ratio of just 2.9x, Hanover city is one of the most affordable housing markets in the area. 91.9% of occupied housing units are owner-occupied. This homeownership rate is 27% higher than the state average of 72.4%.
Race & Ethnicity
Hanover city has a predominantly White (non-Hispanic) population, comprising 90.8% of all residents. Asian residents account for 2.6%. The Black or African American population (0.0%) is well below the state average of 6.7%. The Hispanic or Latino population (0.7%) is well below the state average of 6.2%.
Education
47.8% of residents aged 25 and older hold a bachelor's degree or higher. This places Hanover city in the top 10% of all cities in the state for educational attainment. This is 23% higher than the state rate of 38.8%. Nationally, 35.0% of adults hold at least a bachelor's degree. The high school graduation rate (or equivalent) is 99.5%.
Data Sources & Methodology
All demographic data for Hanover city, Minnesota is sourced from the U.S. Census Bureau's American Community Survey (ACS) 5-Year Estimates (2019-2023). The ACS collects data from approximately 3.5 million households annually, providing reliable estimates for communities of all sizes. Comparisons are made against Minnesota state averages and national averages calculated from the same dataset. Rankings reflect the city's position among all 913 Census-designated places in Minnesota. For official data, visit data.census.gov.
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Frequently Asked Questions
What is the population of Hanover city, Minnesota?
Hanover city, Minnesota has a population of 3,495 according to the most recent U.S. Census ACS 5-Year Estimates.
What is the median household income in Hanover city, MN?
The median household income in Hanover city is $147,944, which is 88% higher the national median of $78,538.
What is the poverty rate in Hanover city, MN?
The poverty rate in Hanover city is 2.2%. This means approximately 76 residents live below the federal poverty line.
What is the racial makeup of Hanover city, Minnesota?
Hanover city's population is 90.8% White, 0.0% Black, 0.7% Hispanic/Latino, and 2.6% Asian.
What is the median home value in Hanover city, MN?
The median home value in Hanover city is $421,700. The home-value-to-income ratio is 2.9x.
How educated is Hanover city, Minnesota?
47.8% of adults (25+) in Hanover city hold a bachelor's degree or higher, and 12.5% hold a graduate or professional degree.